Personal Income Picks Up in June

Personal income increased 0.5 percent in June after increasing 0.3 percent in May. Wages and salaries, the largest component of personal income, increased 0.5 percent in June after increasing 0.1 percent in May.

Real DPI, income adjusted for taxes and inflation, increased 0.3 percent in June after increasing 0.5 percent in May.

Real consumer spending, spending adjusted for price changes, decreased 0.1 percent in June after increasing 0.1 percent in May. Purchases of goods decreased 0.3 percent in June after being flat in May.

PCE prices increased 0.1 percent in June after decreasing 0.2 percent in May. Excluding food and energy, the PCE price index increased 0.2 percent in June after increasing 0.1 percent in May.

Personal saving ratePersonal saving as a percent of DPI was 4.4 percent in June, compared with 4.0 percent in May.

To learn more about personal income and outlays, read the full report.